11 July 2007


CHINA REAL ESTATE OPPORTUNITIES LIMITED

COMMENCEMENT OF DEALINGS AND ADMISSION TO AIM


China Real Estate Opportunities Limited ('CREO' or 'the Company'), a Jersey
incorporated company, established to acquire both investment and development
properties in China, today announces the commencement of dealings of its
ordinary shares on AIM under ticker symbol CREO.L.

The Company, through its broker Teather & Greenwood Limited, has successfully
raised 259 million via the issue of 34,227,807 Ordinary Shares at a price of
7.56 per share (the 'Placing'). The market capitalisation of the Company based
on the Placing Price is 398 million. Davy acted as Irish placing agent to the
Company.

Ray Horney of CREO commented:

'We are delighted with the degree of investor interest shown in the Placing. The
Board believes that the Chinese real estate market holds very significant
opportunities. CREO is committed to taking advantage of these conditions and we
look forward to reporting to shareholders on its progress.'

Placing Statistics

|Placing Price : 7.56
+--------------------------------------------------------+--------------+
|Number of new Ordinary Shares to be issued pursuant to | 32,094,866
|the Placing
+--------------------------------------------------------+--------------+
|Number of Consideration Shares to be issued | 2,132,941
+--------------------------------------------------------+--------------+
|Number of Ordinary Shares currently in issue | 18,400,000
+--------------------------------------------------------+--------------+
|Number of Ordinary Shares in issue immediately following| 52,627,807
|the Placing and Admission
+--------------------------------------------------------+--------------+
|Estimated net proceeds of the Placing receivable by the | 234 million
|Company
+--------------------------------------------------------+--------------+
|Estimated initial diluted net asset value per Ordinary | 7.68 |
|Share | |
+--------------------------------------------------------+--------------+
|Market capitalisation of the Company at the Placing | 398 million|
|Price | |

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